1 00:00:11,697 --> 00:00:14,977 Speaker 1: You're listening to the Buck Sexton Show podcast, make sure 2 00:00:14,977 --> 00:00:17,977 Speaker 1: you subscribe to the podcast on the iHeartRadio app or 3 00:00:18,017 --> 00:00:19,737 Speaker 1: wherever you get your podcasts. 4 00:00:20,177 --> 00:00:24,337 Speaker 2: How's Trump looking on the tariff and financial front. We're 5 00:00:24,377 --> 00:00:26,937 Speaker 2: going to talk to our friend John Lefevre about this 6 00:00:27,177 --> 00:00:31,217 Speaker 2: right now. He is formerly a guy who had a 7 00:00:31,337 --> 00:00:34,417 Speaker 2: great book Straight to Hell and of the Banking World, 8 00:00:34,537 --> 00:00:36,857 Speaker 2: and he knows the finance stuff, and he's always out 9 00:00:36,897 --> 00:00:40,217 Speaker 2: there in the capitalist world doing what he does, moving 10 00:00:40,257 --> 00:00:44,497 Speaker 2: and shaking. And John, the tariff thing today, you know 11 00:00:44,737 --> 00:00:47,537 Speaker 2: now that that signal gate has passed as the thing 12 00:00:47,537 --> 00:00:51,097 Speaker 2: we all are supposed to pretend to care about. Tell 13 00:00:51,137 --> 00:00:53,097 Speaker 2: me how you think this tariff thing is going to 14 00:00:53,177 --> 00:00:55,657 Speaker 2: shake out? And what you're seeing so far, you know, 15 00:00:55,777 --> 00:00:57,177 Speaker 2: the good, the bad, the ugly, all of it. 16 00:00:59,337 --> 00:01:05,297 Speaker 1: Okay, it's like everything else right now that we're looking 17 00:01:05,337 --> 00:01:05,537 Speaker 1: at it. 18 00:01:05,857 --> 00:01:09,457 Speaker 3: It's just noise, right. And so the way I look 19 00:01:09,457 --> 00:01:10,217 Speaker 3: at the tariff. 20 00:01:12,417 --> 00:01:15,937 Speaker 1: The United States, and I don't want to be redundant 21 00:01:15,977 --> 00:01:19,257 Speaker 1: and kind of spout off the you know, the President's 22 00:01:19,297 --> 00:01:22,297 Speaker 1: talking points, but we clearly have been ripped off for 23 00:01:22,937 --> 00:01:26,177 Speaker 1: decades on this front. And if you look at our 24 00:01:26,217 --> 00:01:33,577 Speaker 1: approach to trade, even currently we're behind every other developed nation, 25 00:01:33,857 --> 00:01:37,377 Speaker 1: So we're all we're talking about is equalized, equalizing the 26 00:01:37,417 --> 00:01:40,537 Speaker 1: playing field, or even just a threat of equalizing the 27 00:01:40,577 --> 00:01:45,017 Speaker 1: playing field, and it in terms of rhetoric and as 28 00:01:45,057 --> 00:01:50,297 Speaker 1: a talking point, has already borne fruit for the administration. 29 00:01:50,457 --> 00:01:52,897 Speaker 1: So every time the stock market goes up or goes 30 00:01:52,937 --> 00:01:57,697 Speaker 1: down as it relates to the terrorists, it's kind of 31 00:01:57,857 --> 00:02:00,257 Speaker 1: kind of pointless because you know, if you think about 32 00:02:00,497 --> 00:02:10,417 Speaker 1: the alternative where we were right GDP that was dependent 33 00:02:10,537 --> 00:02:18,857 Speaker 1: on basically depths and spending and illegal immigration. Make any 34 00:02:18,857 --> 00:02:21,697 Speaker 1: of the changes that need to happen, there's going to 35 00:02:21,737 --> 00:02:24,217 Speaker 1: be some some turbulence. 36 00:02:23,697 --> 00:02:24,057 Speaker 3: And so. 37 00:02:25,777 --> 00:02:28,737 Speaker 1: It just seems like it's it's noise from my perspective. 38 00:02:28,817 --> 00:02:32,497 Speaker 1: I mean, I don't spend too much time worrying about tariffs. 39 00:02:33,257 --> 00:02:35,457 Speaker 1: We're seeing the investment come back to the United States 40 00:02:35,577 --> 00:02:38,457 Speaker 1: long term, so fine, there's gonna be some short term pain, 41 00:02:39,817 --> 00:02:42,777 Speaker 1: maybe there'll be some retaliation or things like that that 42 00:02:43,297 --> 00:02:48,617 Speaker 1: will be negotiated out, but long term, the alternative to 43 00:02:48,817 --> 00:02:52,377 Speaker 1: what we're experiencing right now was basically the total collapse 44 00:02:52,417 --> 00:02:54,697 Speaker 1: of the country. And so we don't have a choice 45 00:02:54,777 --> 00:02:57,697 Speaker 1: but to go through this. This call it pain or 46 00:02:57,897 --> 00:02:59,617 Speaker 1: call it whatever you want to call it, but we 47 00:02:59,737 --> 00:03:02,457 Speaker 1: have no other alternative than to take the steps that 48 00:03:02,497 --> 00:03:04,057 Speaker 1: the administration is taking right now. 49 00:03:04,817 --> 00:03:10,057 Speaker 2: Are you worried that this all this talk of recession 50 00:03:10,297 --> 00:03:13,217 Speaker 2: might actually come to be Do you view that as 51 00:03:13,297 --> 00:03:17,137 Speaker 2: something that might be something might be a reset that 52 00:03:17,177 --> 00:03:19,697 Speaker 2: needs to happen, like, because here's here's where it is. 53 00:03:19,857 --> 00:03:22,497 Speaker 2: We haven't had a real recession in a very long time. 54 00:03:23,137 --> 00:03:27,617 Speaker 2: And if I remember my history correctly, Reagan to fix 55 00:03:27,697 --> 00:03:31,897 Speaker 2: the mess of inflation and to deal with rates and everything. 56 00:03:32,377 --> 00:03:35,417 Speaker 2: I think there was a short, a short recession in 57 00:03:35,497 --> 00:03:37,977 Speaker 2: the beginning of Reagan's first term and then like a 58 00:03:38,017 --> 00:03:41,657 Speaker 2: twenty year economic boom basically right, because they had to 59 00:03:41,697 --> 00:03:45,217 Speaker 2: clear out some of the cobwebs in the system. If 60 00:03:45,257 --> 00:03:48,377 Speaker 2: you will get rates, get rates under control, getting we'll 61 00:03:48,417 --> 00:03:52,057 Speaker 2: get inflation under control using rates as a tool. Do 62 00:03:52,097 --> 00:03:53,817 Speaker 2: you feel like that's the path or is it going 63 00:03:53,857 --> 00:03:55,377 Speaker 2: to be easier than that. I'll mean, you know, you're 64 00:03:55,377 --> 00:03:57,897 Speaker 2: a banker guy, tell me the things. What would Lloyd 65 00:03:57,937 --> 00:04:01,377 Speaker 2: Blank find say? 66 00:04:01,057 --> 00:04:02,377 Speaker 3: Here here's the problem? Right? 67 00:04:02,457 --> 00:04:06,937 Speaker 1: So two things. And I hate to be pessimistic because 68 00:04:06,977 --> 00:04:10,697 Speaker 1: obviously I'm a huge supporter of the country and certainly 69 00:04:10,737 --> 00:04:15,657 Speaker 1: the administration. So I'm always cheering for the success of America, 70 00:04:17,577 --> 00:04:19,857 Speaker 1: but you have two I think things that are worth 71 00:04:19,857 --> 00:04:25,697 Speaker 1: thinking about. The deep state has tried everything to eliminate 72 00:04:25,737 --> 00:04:29,337 Speaker 1: Donald Trump, right, kill him, shoot him, impeach him, remove 73 00:04:29,377 --> 00:04:33,977 Speaker 1: from the ballot, bankrupt him, arrest him. What is there 74 00:04:34,337 --> 00:04:38,217 Speaker 1: one remaining tool other than framing pete hegseth in signal 75 00:04:38,217 --> 00:04:42,937 Speaker 1: Gate and other bogus stuff like that. Tanking the economy 76 00:04:43,537 --> 00:04:46,137 Speaker 1: is one of the tools at their disposal. 77 00:04:46,657 --> 00:04:48,017 Speaker 3: And how do you do that. 78 00:04:48,697 --> 00:04:53,177 Speaker 1: It's undermining consumer confidence because if consumer confidence goes down, 79 00:04:53,577 --> 00:04:59,057 Speaker 1: then capital investment goes down. Investment goes down, spending goes down, 80 00:04:59,257 --> 00:05:03,297 Speaker 1: especially on the consumer side, hiring goes down. And so 81 00:05:04,017 --> 00:05:08,337 Speaker 1: every time I see a media headline about how the 82 00:05:08,457 --> 00:05:13,257 Speaker 1: economy is struggling or or we're facing a recession, it 83 00:05:13,457 --> 00:05:17,057 Speaker 1: almost becomes a self fulfilling prophecy that you have to 84 00:05:17,217 --> 00:05:21,857 Speaker 1: fight against because you know that is the media propagandizing 85 00:05:22,297 --> 00:05:25,777 Speaker 1: against the Trump administration. So that's one important point I 86 00:05:25,817 --> 00:05:30,537 Speaker 1: think to keep in mind that in terms of consumer confidence, 87 00:05:31,537 --> 00:05:34,537 Speaker 1: the media is going to do everything they can to 88 00:05:34,657 --> 00:05:41,217 Speaker 1: undermine Trump, which includes torpedoing the economy. Okay, that aside, 89 00:05:41,817 --> 00:05:48,177 Speaker 1: If you look at what Trump inherited, it's an absolute mess, right, 90 00:05:49,097 --> 00:05:57,097 Speaker 1: auto loans, delinquencies, credit card debt, mortgage rates, the dislocation 91 00:05:57,297 --> 00:06:03,297 Speaker 1: between you know, housing afford the property markets totally dislocated. 92 00:06:03,497 --> 00:06:09,857 Speaker 3: And if you look at employment, the employment for. 93 00:06:10,297 --> 00:06:13,417 Speaker 1: Two years was driven or three years was driven by 94 00:06:14,497 --> 00:06:21,297 Speaker 1: government's spending, government hiring people working multiple jobs, and illegal immigration. 95 00:06:21,697 --> 00:06:25,177 Speaker 1: So if you're trying to fix the system and bring 96 00:06:25,257 --> 00:06:28,417 Speaker 1: us back from what, again, as I said before, is 97 00:06:28,457 --> 00:06:32,097 Speaker 1: the brink of total collapse, there's. 98 00:06:32,017 --> 00:06:33,417 Speaker 3: Going to be some pain. 99 00:06:33,497 --> 00:06:37,737 Speaker 1: I mean, we are a country that has been addicted 100 00:06:37,897 --> 00:06:42,337 Speaker 1: to kind of helicopter money from the from the federal Reserve. 101 00:06:42,657 --> 00:06:45,657 Speaker 1: And so if you're going to shrink the government by 102 00:06:45,857 --> 00:06:49,777 Speaker 1: two or three trillion dollars, if you're going to fire 103 00:06:50,217 --> 00:06:54,377 Speaker 1: half a million or a million government employees, there's going 104 00:06:54,457 --> 00:06:55,417 Speaker 1: to be some pain. 105 00:06:55,937 --> 00:06:58,697 Speaker 3: But there's no other alternative. 106 00:06:58,737 --> 00:07:03,137 Speaker 1: And so I think all these forces again, I wish 107 00:07:03,137 --> 00:07:05,937 Speaker 1: and I hope that the Trump economy is going to 108 00:07:05,937 --> 00:07:08,737 Speaker 1: be prosperous. And I think with a lot of the 109 00:07:08,737 --> 00:07:10,897 Speaker 1: things that doze just do and a lot of things 110 00:07:10,937 --> 00:07:15,097 Speaker 1: that we're doing on the technological side, and with respect 111 00:07:15,137 --> 00:07:17,337 Speaker 1: to getting out of foreign wars and things like that, 112 00:07:17,497 --> 00:07:21,537 Speaker 1: you know, restoring manufacturing and getting invested in United States. 113 00:07:21,657 --> 00:07:25,137 Speaker 3: Those are all great for restoring the middle class in America. 114 00:07:25,537 --> 00:07:29,617 Speaker 1: But if we weren't taking any of those steps, then 115 00:07:30,017 --> 00:07:32,697 Speaker 1: you wouldn't have a middle class to them, in five years, 116 00:07:32,737 --> 00:07:35,057 Speaker 1: you would not have a middle class in America because 117 00:07:35,417 --> 00:07:38,497 Speaker 1: you know, with AI what it's doing in terms of 118 00:07:39,857 --> 00:07:42,937 Speaker 1: every you know, eighty percent of every banking. 119 00:07:42,697 --> 00:07:47,257 Speaker 3: Job or consulting job, or a percent of lawyers or 120 00:07:47,777 --> 00:07:51,537 Speaker 3: consultants or whatever it is. AI is going. 121 00:07:51,497 --> 00:07:57,057 Speaker 1: To completely transform beyond our comprehension everything that's happening. And 122 00:07:57,457 --> 00:08:00,617 Speaker 1: if we had gone into that with any of the 123 00:08:00,697 --> 00:08:04,617 Speaker 1: problems that without addressing any of the problems that this 124 00:08:04,737 --> 00:08:10,017 Speaker 1: administration walked into, we would be completely destroyed as a kind. 125 00:08:10,657 --> 00:08:13,897 Speaker 1: And so it's going to be complicated, it's going to 126 00:08:13,977 --> 00:08:17,977 Speaker 1: be turbulent, but I think it's okay to say that 127 00:08:18,937 --> 00:08:22,537 Speaker 1: you'll have, you know, short term pockets of opportunity and 128 00:08:22,617 --> 00:08:27,457 Speaker 1: a lot of turbulence and long term obviously I would 129 00:08:27,497 --> 00:08:30,497 Speaker 1: be exceptionally bullish, but it's it's certainly not going to 130 00:08:30,577 --> 00:08:35,617 Speaker 1: be without without some pain, and we certainly the pain 131 00:08:35,737 --> 00:08:40,377 Speaker 1: is long overdue. I mean decades. Forget Biden or Trump 132 00:08:40,417 --> 00:08:43,537 Speaker 1: won or Obama. I mean this is decades in the making. 133 00:08:43,577 --> 00:08:46,457 Speaker 1: It goes back twenty plus years in terms of the 134 00:08:47,337 --> 00:08:49,057 Speaker 1: US kicking the can down the road. 135 00:08:48,857 --> 00:08:49,937 Speaker 3: For way too long. 136 00:08:49,977 --> 00:08:52,257 Speaker 1: And thankfully, you know, we have guys like Elon in 137 00:08:52,297 --> 00:08:54,977 Speaker 1: there who say, okay, well we have to address it 138 00:08:55,097 --> 00:08:55,617 Speaker 1: now or ever. 139 00:08:55,977 --> 00:08:58,617 Speaker 2: Yeah, I know, I think what Elon's doing is absolutely 140 00:08:58,817 --> 00:09:01,457 Speaker 2: a critical service for the country. Our sponsor here is 141 00:09:01,457 --> 00:09:04,497 Speaker 2: Birch Gold. 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Text Buck to ninety eight ninety eight ninety 161 00:09:58,217 --> 00:10:01,457 Speaker 2: eight Get a free infoKit on gold today from Birch 162 00:10:01,497 --> 00:10:07,137 Speaker 2: Gold Group. John, do you feel like the corporate America? 163 00:10:07,617 --> 00:10:09,457 Speaker 2: You know, we've been talking a lot this week about 164 00:10:09,457 --> 00:10:13,297 Speaker 2: the Disney snow White disaster, and it's amazing that Disney. 165 00:10:13,337 --> 00:10:17,977 Speaker 2: If you had held Disney stock in continuously for the 166 00:10:18,057 --> 00:10:20,817 Speaker 2: last ten years, you would have made no money. Right, 167 00:10:20,857 --> 00:10:22,817 Speaker 2: It's just sad. I mean maybe a little bit on dividends. 168 00:10:22,857 --> 00:10:25,537 Speaker 2: You look at inflation though you've basically been flat for 169 00:10:25,657 --> 00:10:28,817 Speaker 2: ten years if you held for the last ten which 170 00:10:29,057 --> 00:10:31,537 Speaker 2: is astonishing considering the growth that you've seen a lot 171 00:10:31,577 --> 00:10:36,457 Speaker 2: of other companies, entertainment companies, et cetera. Is the switch reel, 172 00:10:36,617 --> 00:10:39,697 Speaker 2: you know, with Bezos and Zuckerberg and these people that 173 00:10:39,737 --> 00:10:43,417 Speaker 2: are coming around to at least be reasonable toward Trump 174 00:10:43,497 --> 00:10:46,737 Speaker 2: and his supporters. Do you feel like others are going 175 00:10:46,817 --> 00:10:48,857 Speaker 2: to be joining and that we're in a new era 176 00:10:49,057 --> 00:10:50,977 Speaker 2: or is this kind of a head fake until they 177 00:10:51,017 --> 00:10:54,937 Speaker 2: can figure out how they're going to start telling half 178 00:10:54,977 --> 00:10:56,777 Speaker 2: the country that they don't want their business again. 179 00:10:57,897 --> 00:11:01,257 Speaker 1: There's two things on that. So on the snow white thing, 180 00:11:02,217 --> 00:11:05,657 Speaker 1: you know, the pipeline for making movies obviously takes years 181 00:11:05,657 --> 00:11:07,897 Speaker 1: and years and years. I mean I sold my movie 182 00:11:07,937 --> 00:11:11,257 Speaker 1: rights to my book a long time ago and work 183 00:11:11,337 --> 00:11:15,057 Speaker 1: through iterations of the script. That took years, and then 184 00:11:15,577 --> 00:11:19,217 Speaker 1: we killed it because they destroyed it with that they 185 00:11:19,217 --> 00:11:24,177 Speaker 1: actually made unreligious, you know, unrelated to the snow aded 186 00:11:24,217 --> 00:11:26,857 Speaker 1: I guess I'll just tell you so. My book is 187 00:11:26,897 --> 00:11:32,177 Speaker 1: about deviants on Wall Street, about my personal experiences. I 188 00:11:32,297 --> 00:11:37,057 Speaker 1: sold the rights to Paramount, and we worked through, uh, several. 189 00:11:36,777 --> 00:11:40,497 Speaker 3: Iterations of the script. I got it back. I wasn't 190 00:11:40,577 --> 00:11:45,737 Speaker 3: even the main character in the movie. They had created. 191 00:11:45,297 --> 00:11:51,097 Speaker 1: A minority woman to be the main character, and I 192 00:11:51,257 --> 00:11:57,497 Speaker 1: played her mentor, and I was the deviant, scumbag banker 193 00:11:57,657 --> 00:12:01,417 Speaker 1: with no morals or ethics, and she redeems me. 194 00:12:01,897 --> 00:12:04,337 Speaker 2: Oh my gosh, that was. 195 00:12:04,537 --> 00:12:07,217 Speaker 1: That's what they took out of my book and made 196 00:12:07,337 --> 00:12:09,897 Speaker 1: with Paramount as a movie, and I said, guys, I 197 00:12:10,097 --> 00:12:12,897 Speaker 1: don't want any part of this. So that was several 198 00:12:12,977 --> 00:12:15,537 Speaker 1: years in the making, and thankfully they killed it because 199 00:12:15,657 --> 00:12:18,977 Speaker 1: I didn't want any part of it. But so the 200 00:12:19,057 --> 00:12:22,457 Speaker 1: snow White they probably what they shot it two years ago. 201 00:12:22,777 --> 00:12:25,737 Speaker 1: They thought Kamala was gonna win even after they edited it. 202 00:12:26,497 --> 00:12:29,217 Speaker 1: So they they made their bed, they had aligne and 203 00:12:29,537 --> 00:12:32,817 Speaker 1: they got screwed. So I don't think that's an indication 204 00:12:33,017 --> 00:12:37,057 Speaker 1: in twenty twenty five of kind of woke entertainment culture action. 205 00:12:37,297 --> 00:12:41,217 Speaker 1: I think that's a lagging indicator because they're at least 206 00:12:41,217 --> 00:12:43,537 Speaker 1: a year and a half two years behind where things 207 00:12:43,577 --> 00:12:45,537 Speaker 1: are shifting or have already shifted. 208 00:12:45,937 --> 00:12:49,777 Speaker 3: But to your second point about Zuckerberg, I'm reminded of 209 00:12:49,817 --> 00:12:54,737 Speaker 3: this all the time. He sounds awesome. He's at MMA fights, 210 00:12:54,777 --> 00:12:58,097 Speaker 3: he's wearing gold chains, he's wearing sunglasses, he. 211 00:12:58,017 --> 00:13:00,897 Speaker 2: Looks he looks like he looks like Vanilla Ice. It's 212 00:13:00,937 --> 00:13:03,857 Speaker 2: amazing when you see this guy all of a sudden, yeah, yeah. 213 00:13:03,537 --> 00:13:07,297 Speaker 1: And he's libertarian. He's doing all this great stuff. But 214 00:13:07,337 --> 00:13:10,937 Speaker 1: there's a simple thing you have to ask yourself. If 215 00:13:11,057 --> 00:13:17,257 Speaker 1: Kamala Harris had won, would Mark Zuckerberg be doing this? No, 216 00:13:17,897 --> 00:13:23,177 Speaker 1: he would be censoring and propagating on behalf of the regime. 217 00:13:23,897 --> 00:13:28,177 Speaker 1: I think the total scam. And Mark Zuckerberg has donated 218 00:13:29,057 --> 00:13:35,217 Speaker 1: billions of dollars to progressive causes? Has he given so fine? 219 00:13:35,337 --> 00:13:38,937 Speaker 1: He said one cool. This drives me insane. All these 220 00:13:38,977 --> 00:13:42,097 Speaker 1: guys like they want to. It's like when Bill Maher 221 00:13:42,337 --> 00:13:46,177 Speaker 1: says something critical of the Democrat Party and he gets 222 00:13:46,377 --> 00:13:51,497 Speaker 1: propped up all over Twitter. Ex It drives me insane. 223 00:13:52,057 --> 00:13:57,217 Speaker 1: It doesn't mean anything. Mark Zuckerberg has done absolutely nothing. 224 00:13:57,457 --> 00:13:57,857 Speaker 3: So fine. 225 00:13:57,937 --> 00:14:00,257 Speaker 1: He wore a gold chain, he flew an American flag, 226 00:14:00,297 --> 00:14:02,697 Speaker 1: and he went to visit mar Lago. But you have 227 00:14:02,897 --> 00:14:08,297 Speaker 1: to guarantee I guarantee it. If Kamala had won, he 228 00:14:08,377 --> 00:14:11,257 Speaker 1: would be canceling counts. 229 00:14:11,897 --> 00:14:15,457 Speaker 2: Yes, So they're just going. They're just going with the wind. 230 00:14:15,577 --> 00:14:18,697 Speaker 2: They're just going where the power is. Right now, you 231 00:14:18,697 --> 00:14:22,217 Speaker 2: don't think there's any real because Elon has been very 232 00:14:22,217 --> 00:14:25,377 Speaker 2: open about this. He's had an ideological transformation, and he's 233 00:14:25,417 --> 00:14:28,137 Speaker 2: been very specific about how it was his his son 234 00:14:28,257 --> 00:14:31,537 Speaker 2: being transed. Essentially, he just said war. Now it's war, 235 00:14:31,617 --> 00:14:33,497 Speaker 2: you know, they've they've taken a song from me with 236 00:14:33,537 --> 00:14:38,817 Speaker 2: this madness. So Elon is a true believer in insanity. Now, 237 00:14:39,297 --> 00:14:43,337 Speaker 2: some of these other corporate titans, though, I think, are Yeah, 238 00:14:43,657 --> 00:14:44,497 Speaker 2: it's certainly such. 239 00:14:46,097 --> 00:14:48,497 Speaker 1: Elon is the real deal obviously. I mean, I love, 240 00:14:48,737 --> 00:14:50,657 Speaker 1: I love what Eon is doing. How could you not? 241 00:14:50,817 --> 00:14:52,137 Speaker 3: And in fact, that's a good limist ast. 242 00:14:52,177 --> 00:14:55,577 Speaker 1: Anyone who doesn't appreciate what Elon is doing is either 243 00:14:55,897 --> 00:15:01,977 Speaker 1: a liar, mentally ill, or exceptionally low IQ Bill Ackman, 244 00:15:02,377 --> 00:15:05,377 Speaker 1: David Sachs. You know, a lot of guys are doing 245 00:15:05,417 --> 00:15:07,497 Speaker 1: some some good things. But when it comes to like 246 00:15:07,577 --> 00:15:11,257 Speaker 1: Jeff Bezos, I just I heard this sunl my phone 247 00:15:11,577 --> 00:15:15,177 Speaker 1: when you know I was working out earlier. Today Bezos 248 00:15:15,257 --> 00:15:17,497 Speaker 1: is running small business ads on it. 249 00:15:17,657 --> 00:15:22,777 Speaker 3: They're so full of it. Bezos full of it. Zuckerberg's 250 00:15:23,137 --> 00:15:23,617 Speaker 3: full of it. 251 00:15:24,697 --> 00:15:27,617 Speaker 1: I mean, I can't think of who else is pretending 252 00:15:27,617 --> 00:15:30,297 Speaker 1: to be in the Trump camp. But you can tell, 253 00:15:30,417 --> 00:15:34,697 Speaker 1: you can tell who the real people are and who 254 00:15:34,737 --> 00:15:37,137 Speaker 1: are the opportunists? And Zuckerberg. 255 00:15:38,457 --> 00:15:40,417 Speaker 3: I could be wrong, but as far as I can tell, 256 00:15:40,497 --> 00:15:41,457 Speaker 3: is an opportunist? 257 00:15:41,977 --> 00:15:44,577 Speaker 2: Are the power players on Wall Street? I mean, I 258 00:15:44,577 --> 00:15:45,977 Speaker 2: know you were a Wall Street guy, for a long 259 00:15:46,017 --> 00:15:50,297 Speaker 2: time and you've you've escaped that that realm. But are 260 00:15:50,337 --> 00:15:54,217 Speaker 2: the power players on Wall Street to your knowledge ideologically 261 00:15:54,857 --> 00:15:58,377 Speaker 2: aligned with the Democrats? Are purely opportunistic in their alignment 262 00:15:58,417 --> 00:15:59,177 Speaker 2: with Democrats. 263 00:16:00,537 --> 00:16:01,337 Speaker 3: That's really interesting. 264 00:16:01,417 --> 00:16:07,457 Speaker 1: Actually, I found that the support of Donald Trump, like 265 00:16:07,497 --> 00:16:12,337 Speaker 1: going back to like twenty sixteen, my friends in banking 266 00:16:13,697 --> 00:16:16,177 Speaker 1: didn't want to support her, and it was almost like 267 00:16:16,217 --> 00:16:20,857 Speaker 1: an intellectual snobbery, like they they thought he was vulgar 268 00:16:20,937 --> 00:16:26,337 Speaker 1: and crass and they couldn't get behind him. There's been 269 00:16:26,377 --> 00:16:28,617 Speaker 1: a little bit of a shift, so there's kind of 270 00:16:28,697 --> 00:16:32,337 Speaker 1: one component where you never quite fit in with that 271 00:16:32,417 --> 00:16:36,617 Speaker 1: kind of Manhattan elite. The other issue I found too, 272 00:16:36,857 --> 00:16:40,017 Speaker 1: to be honest, this is actually quite weird. Most of 273 00:16:40,097 --> 00:16:46,777 Speaker 1: my friends' wives are super liberal and as a result, 274 00:16:47,017 --> 00:16:48,217 Speaker 1: and I find that they're. 275 00:16:50,097 --> 00:16:51,777 Speaker 3: This is I think it's would surprise you. 276 00:16:51,817 --> 00:16:57,857 Speaker 1: I think Wall Street is more liberal than you would expect, 277 00:16:58,137 --> 00:16:59,617 Speaker 1: And a lot of it has to do with people 278 00:16:59,657 --> 00:17:03,217 Speaker 1: just play kitting their wives or they're just I think 279 00:17:03,257 --> 00:17:06,777 Speaker 1: they're they don't care because it doesn't it doesn't impact 280 00:17:07,057 --> 00:17:09,817 Speaker 1: I've had so many conversations with people where they said, well, 281 00:17:10,057 --> 00:17:12,097 Speaker 1: I don't care who the president is it doesn't impact me. 282 00:17:13,377 --> 00:17:18,177 Speaker 3: And so there's just a it's a combination of arrogance and. 283 00:17:19,937 --> 00:17:26,817 Speaker 1: There's also like a pushback against populism because these people 284 00:17:26,977 --> 00:17:29,817 Speaker 1: define who they are based on what they do for 285 00:17:29,897 --> 00:17:34,337 Speaker 1: a living. And so when I really got turned on 286 00:17:34,417 --> 00:17:38,537 Speaker 1: to populism in say twenty fifteen, twenty sixteen, nobody could 287 00:17:38,577 --> 00:17:41,977 Speaker 1: understand it because they only define themselves on where they 288 00:17:42,017 --> 00:17:44,777 Speaker 1: went to school, what they do for a living, and 289 00:17:44,817 --> 00:17:47,217 Speaker 1: how much money they make. So they find it kind 290 00:17:47,297 --> 00:17:51,617 Speaker 1: of repulsing. It almost validates themselves as human beings because 291 00:17:51,617 --> 00:17:54,257 Speaker 1: that's how they define themselves, by the fact that they 292 00:17:54,617 --> 00:17:57,097 Speaker 1: have their diplomas on the wall and they went to 293 00:17:57,097 --> 00:17:59,537 Speaker 1: evague schools and they live in Greenwich, Connecticut. 294 00:18:00,177 --> 00:18:01,057 Speaker 3: And that is. 295 00:18:01,057 --> 00:18:05,377 Speaker 1: Why I think they've been reluctant. Combine that with the 296 00:18:05,417 --> 00:18:10,937 Speaker 1: fact that their wives are all SSRI addicted liberal why 297 00:18:11,017 --> 00:18:13,937 Speaker 1: there has been not a huge amount of support from 298 00:18:14,257 --> 00:18:15,337 Speaker 1: from Wall Street. 299 00:18:15,017 --> 00:18:15,737 Speaker 3: For for Trump. 300 00:18:15,817 --> 00:18:18,417 Speaker 1: And so I mean it's part of that is just 301 00:18:18,457 --> 00:18:22,177 Speaker 1: me being cynical, because I mean, I have complete disregard 302 00:18:22,377 --> 00:18:26,337 Speaker 1: for the entire industry and everything that they stand for. 303 00:18:26,377 --> 00:18:29,657 Speaker 3: And so, okay, don't have a lot, don't. 304 00:18:29,497 --> 00:18:31,777 Speaker 1: I don't have a lot of respect for any of 305 00:18:31,817 --> 00:18:35,217 Speaker 1: these people, to be honest, they are, you know, deviant 306 00:18:35,257 --> 00:18:39,057 Speaker 1: and corrupt. And again there's just not not good good, 307 00:18:39,177 --> 00:18:42,577 Speaker 1: not good human beings because it just goes back to 308 00:18:42,577 --> 00:18:45,537 Speaker 1: take yourself too seriously and define yourself by what you. 309 00:18:45,497 --> 00:18:46,097 Speaker 3: Do for a living. 310 00:18:47,137 --> 00:18:49,257 Speaker 2: Not a good start. Yeah, not a good place to be. 311 00:18:50,217 --> 00:18:53,137 Speaker 2: John lefev a patriot, a good man. Go check out 312 00:18:53,297 --> 00:18:56,337 Speaker 2: uh straight to Hell his book. Follow him on X. 313 00:18:56,857 --> 00:19:00,737 Speaker 2: His last name is l. E. F E v r E. 314 00:19:00,817 --> 00:19:04,697 Speaker 2: For those who are wonderingev. Now we be on Sarah. Uh. 315 00:19:04,697 --> 00:19:06,377 Speaker 2: Thank you John for being with me as always been 316 00:19:06,417 --> 00:19:07,057 Speaker 2: good to talk to you. 317 00:19:07,697 --> 00:19:09,097 Speaker 3: Yeah, absolutely, talk to you soon. 318 00:19:09,137 --> 00:19:12,097 Speaker 2: The fight for life is ongoing day in and day out, 319 00:19:12,217 --> 00:19:15,897 Speaker 2: and on the front lines of it Preborn. 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